Pay is a major factor in why people leave their occupations, among many other factors. Pay is linked to several indicators of job satisfaction in addition to helping your staff cover their living expenditures. Giving the appropriate starting salary and maintaining inflation rates is insufficient. It might be expensive to hire a new employee. Staff raises will not only aid in employee retention but also boost productivity as morale rises. Exceeding Expectations, Loyalty, Seeking Professional Development, Producing High-Quality Work, Driving Sales and Revenue, Possessing Special Skills and Talents, Demonstrating a Positive Attitude, Being Responsible, Taking Initiative, and Going Above and Beyond are the reasons they deserve a raise.
A raise is an increment in the wage or hourly rate that an employee is paid for services rendered to a company.
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